Why people are holding Bitcoin?

[yourialfa]

people hold bitcoin for long-term investments. because of most people using bitcoin for investment. very profitable invest in bitcoin.

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[CoffeeForMe]

I think many people need to hold in bitcoin because they need to survive they daily life, they need to buy things they need. So they still trusting bitcoin for they daily life. 

[DaftAjax]

I think many people need to hold in bitcoin because they need to survive they daily life, they need to buy things they need. So they still trusting bitcoin for they daily life. 

There's a lot of reasons why people hold their Bitcoin, and one main reason is to wait for the right time that the Bitcoin has a higher sell exchange, to make a lot of profit from their investments on let's say, a person bought a lot of Bitcoin from the last dump. So that is pretty much the reason.

[johnsm79]

My friends want to have a bitcoin just in case.. you just don't know how high the price can go.

[mesra126]

I think many people hold bitcoin because bitcoin prices will be more expensive in the future to come. let alone in my country bitcoin price with local currency is much different bigger bitcoin price, that's the reason i hold bitcoin even though not yet produce bitcoin. because of the high effort, I'm sure will get bitcoin though later. many people hold bitcoin for a long time, bitcoin is considered as digital gold and new digital assets, bitcoin can protect their whealty from inflas.

[DIW]

Because people have high hopes for it expecting that that its value will keep on increasing and based on reports constantly surfacing they seem to be right as it wouldn't be a surprise if Bitcoin hits the roof soon.

[dillpicklechips]

... the price fall is more than the rise

WRONG.
you need to look at the bigger picture.
right now you are just looking at a short period of time where bitcoin price has came down a little. if you look at a couple of months you can see a rise from ~$880 to $2900 and right now it is sitting between $2200-$2400.

even if it falls more it will still be much much higher than the couple of months ago.

with that said, did you get your answer to why people hold bitcoin

Bitcoin is more of a long term rather than short term. Volatility is natural in cryptoworld specifically in Bitcoin since it is still in its early stages but as time goes on it will stabilize. Considering how interesting it is and a major breakthrough at that in a technological, financial and economical aspects.

[jaran126]

Probably because bitcoin prices are higher than the local price of a country. Many people hold bitcoin prices because bitcoin can meet the needs of life in this modern age, people find it easier to find the necessities of life through bitcoin, because making money today is difficult compared to finding bitcoin.

[jakirtanvir]

Because day by day bitcoin price is increasing, I mean being higher than before every week. So if someone holds bitcoin today in a price he can sell it tomorrow in high price than yesterday. So it’s a profitable coin.

[btcjocan]

Because day by day bitcoin price is increasing, I mean being higher than before every week. So if someone holds bitcoin today in a price he can sell it tomorrow in high price than yesterday. So it’s a profitable coin.

Exactly! That's really the reason. Many people will hold bitcoin so they can gain when they sell it in the future. Because nowadays, they cannot still gain much of it so that's why they need to hold it for quite sometimes so when they will sell it by the time that the bitcoins' price increases, then their gain will be bigger than the time they bought it.

[KuromaYoichi]

What makes people compel to hold the bitcoin in this critical situation? What are they waiting for? Any good reason?

They are waiting until the value is high enough for them to sell. Bitcoin supply is limited, and with more demand later on, the price will soar even more. Bitcoin will protect them from inflation and as an investment the return is also good so it's more than a good reason to hold bitcoin.

[mukeymon]

because they look to the future. Bitcoins in the future will increase more and help them to have more money. I am still storing bitcoin for myself. I hope 5 years later the bitcoin price will fall into the 10k clause

[yrreg ger]

people hold bitcoin for long-term investments. because of most people using bitcoin for investment. very profitable invest in bitcoin.

I strongly agree with you but I can suggest that be contended on what you earn in bitcoin because it is possible to lose some money in the future (if bitcoin will crash). If you think that the profit is ok then get the half and the rest use again in investment, in this way you can make sure your future. It is because "don't put all the egg in one basket", that's true. No permanent in this world.

[zypa]

It is easy for now since the direction is clearly upwards. When it will start to drop and never return back up it will be more hard to trade.

[ArtPt]

Cause it is good long-term investment. I don't see any real reason for its price to fall significantly: it's amount is fixed, it is advertised over lots of social media so people see it as a brand, development roadmap is promising, and stability of network is proven over years. It is not only one possible investment, but pretty decent. And of course price is overall increasing so it is the best self-advertisement.

[hridoyb]

What makes people compel to hold the bitcoin in this critical situation? What are they waiting for? Any good reason?

You can see bitcoin price pumping every hour or day.Bitcoin price now 4600$+.I hope this month bitcoin hit 5000$+.So hold is gold and many people hold there bitcoin for long time get double profit

[kyori]

Many users are holding it because they are waiting for the right time for bitcoin to pump up or to raise in high value and sell it, that is the good benefit of holding.

[xBitHodler]

Why we are holding our Bitcoin? The reason is simple. We believe that Bitcoin is going to be worth much more money than it is today. We are a bit too late but we can still make a decent amount of money out of it. Studying and working at the same time is too difficult for me, I want to focus completely on studying, that's why I chose Bitcoin as a form of long term investment.

[Wa Da Fak]

Why people are holding Gold?

Probably they are holding bitcoin because they are waiting for higher price and thats the time to sell their coin its like stock market and waiting game you have to be patient and wait for the right time to selle

[abramjs]

I think people belive in a future freedom. Holding Bitcoin is something like take a bet on it!